The Indian Competition Authority unconditionally approves an acquisition of 49.86% stake in a gas company by investors who already had 50% stake (Gujarat State Petroleum / Gujarat State Petronet / Bharat Petroleum / SBL Sabarmati Gas)

CCI approves acquisition of 49.86% stake in Sabarmati Gas Limited (SGL) by PSU petroleum companies*
CCI, by its order dated February 10, 2016, has approved acquisition of 49.86% stake in SGL by Gujarat State Petroleum Corporation